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05.08.2021

Indorama Ventures: Record Core EBITDA in second quarter

  • Forecasts continued growth as global markets recover from pandemic

Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced its second quarter 2021 financial results, reporting a record Core EBITDA of US$477 million as major economies recovered from the COVID-19 pandemic and drove demand for products across IVL’s businesses. IVL is forecasting similar strong growth in the second half of 2021 and in 2022 as global vaccination programs spur positive sentiment.

2Q2021 Performance Summary:

  • Forecasts continued growth as global markets recover from pandemic

Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced its second quarter 2021 financial results, reporting a record Core EBITDA of US$477 million as major economies recovered from the COVID-19 pandemic and drove demand for products across IVL’s businesses. IVL is forecasting similar strong growth in the second half of 2021 and in 2022 as global vaccination programs spur positive sentiment.

2Q2021 Performance Summary:

  • Consolidated Revenue of US $3,559M, an increase of 10% QoQ and up 52% YoY
  • EBITDA of US$ 552M and Core EBITDA of US$ 477M
  • Net profit of THB 8,340M, a growth of 39% QoQ, and compared to THB 154M a year earlier
  • Core ROCE of 12.9%, up 443 basis points (bps)  QoQ and up 715 bps YoY
  • Project Olympus, the company’s cost saving and business transformation project, yielded US$ 116M in efficiency gains in 1H21, on track to our 2021 target of US$ 287M
  • Acquisition of CarbonLite’s recycled PET asset in USA, making IVL the largest global producer of rPET resin

IVL delivered standout results in 2Q21 and a record Core EBITDA of US$477 million, bolstered by their global franchise, scale and leadership across three business segments. The record quarterly results include solid performance across regions. Americas and EMEA yielded a record, performing 59% higher Core EBITDA in 1H21 as compared to 1H20, while Asia grew by 15%.

The remainder of 2021 is expected to parallel the first half on the back of continued strong demand in IVL's products from opening of travel with widespread vaccination and immunity.

Source:

Indorama Ventures

powerribs with inset bonnet (c) Composites Evolution
04.08.2021

Composites Evolution: New range of flax-epoxy prepreg materials

Composites Evolution Ltd has teamed up with leading natural fibre reinforcement specialists Bcomp to launch a new range of flax-epoxy prepreg materials, designed to offer enhanced sustainability without compromising on performance.

Evopreg ampliTex™ prepregs combine Composites Evolution’s high-performance Evopreg epoxy resin systems with Bcomp’s award-winning ampliTex™ flax reinforcements, to deliver a family of materials which offer outstanding performance for component applications.

To reach the full performance of natural fibres, Evopreg ampliTex™ prepregs have been tailored to be compatible with Bcomp’s powerRibs™ reinforcement grid, enabling the same stiffness and weight as thin-walled monolithic carbon fibre parts while decreasing the CO2 footprint by 85% and improving safety thanks to a blunt braking behaviour without dangerous debris or sharp edges.

Composites Evolution Ltd has teamed up with leading natural fibre reinforcement specialists Bcomp to launch a new range of flax-epoxy prepreg materials, designed to offer enhanced sustainability without compromising on performance.

Evopreg ampliTex™ prepregs combine Composites Evolution’s high-performance Evopreg epoxy resin systems with Bcomp’s award-winning ampliTex™ flax reinforcements, to deliver a family of materials which offer outstanding performance for component applications.

To reach the full performance of natural fibres, Evopreg ampliTex™ prepregs have been tailored to be compatible with Bcomp’s powerRibs™ reinforcement grid, enabling the same stiffness and weight as thin-walled monolithic carbon fibre parts while decreasing the CO2 footprint by 85% and improving safety thanks to a blunt braking behaviour without dangerous debris or sharp edges.

Composites Evolution’s Sales & Marketing Director, Ben Hargreaves, explains further.
“Sustainability is an increasingly important factor for many of our customers - particularly those involved in motorsports and high-performance automotive applications. As you’d expect in these sectors though, sustainability can’t come at the expense of performance the two must go hand-in-hand. This is something that other prepreggers can struggle with, as natural fibres behave very differently to carbon or glass, for example.”

Customers would be able to understand the strengths and weaknesses of natural fibre composites, and to show where and how they can be adopted without the need for significant changes to existing composite component production processes.

One such customer is Retrac Group, whose composites division is one of the UK’s most experienced composites engineering companies across motorsports, automotive and aerospace. It recently used Evopreg ampliTex™ + powerRibs™ to produce a demonstrator bonnet panel for a race-bred supercar. Project Manager Alan Purves explains.


“We’re seeing a growing interest in flax fibre composites, particularly in the motorsports and niche vehicle sectors. It is therefore essential that we have developed an in-depth understanding of the processing requirements and performance capabilities of these materials, and are ready to respond to our customers' requirements. Being able to tap into the combined expertise and experience of both Composites Evolution and Bcomp is proving invaluable.”

Source:

Composites Evolution

04.08.2021

Lenzing: Earnings more than doubled in the first half of 2021

  • Strong operating result: EBITDA at EUR 217.8 mn, cash flow from operating activities at EUR 199.8 mn
  • Major strategic projects continue fully on track – production start of the lyocell plant in Thailand in the fourth quarter of 2021
  • Start of strategic cooperation agreement for textile recycling with Södra
  • New milestones in the implementation of group-wide carbon neutrality: EUR 200 mn investment in existing locations in Asia
  • Guidance 2021: Lenzing expects EBITDA of at least EUR 360 mn

The Lenzing Group reported a significant improvement in revenue and earnings in the first half of the year. Growing optimism in the textile and apparel industry and the ongoing recovery in retail caused a substantial increase in demand and prices on the global fiber market, in particular at the beginning of the current financial year.

  • Strong operating result: EBITDA at EUR 217.8 mn, cash flow from operating activities at EUR 199.8 mn
  • Major strategic projects continue fully on track – production start of the lyocell plant in Thailand in the fourth quarter of 2021
  • Start of strategic cooperation agreement for textile recycling with Södra
  • New milestones in the implementation of group-wide carbon neutrality: EUR 200 mn investment in existing locations in Asia
  • Guidance 2021: Lenzing expects EBITDA of at least EUR 360 mn

The Lenzing Group reported a significant improvement in revenue and earnings in the first half of the year. Growing optimism in the textile and apparel industry and the ongoing recovery in retail caused a substantial increase in demand and prices on the global fiber market, in particular at the beginning of the current financial year.

Revenue rose by 27.5 percent to EUR 1.03 bn in the first half of 2021. This increase is primarily attributable to higher viscose prices, which stood at more than RMB 15,000 in May thanks to significantly higher demand for fibers, especially in Asia. The focus on wood-based specialty fibers such as TENCEL™, LENZING™ ECOVERO™ and VEOCEL™ branded fibers also had a positive impact on the revenue development; the share of specialty fibers in fiber revenue rose to 72.8 percent in the reporting period. The negative impact of more unfavorable currency effects was consequently more than offset.

The earnings development essentially reflects the positive market development and was additionally reinforced by measures to improve efficiency. Energy and logistics costs increased significantly throughout the entire reporting period. EBITDA (earnings before interest, tax, depreciation and amortization) more than doubled and amounted to EUR 217.8 mn in the first half of 2021 (compared to EUR 95.6 mn in the first half of 2020). The EBITDA margin rose from 11.8 percent to 21.1 percent. Net profit for the period amounted to EUR 96.1 mn (compared to a net loss of EUR minus 14.4 mn in the first half of 2020) and earnings per share to EUR 3.06 (compared to EUR 0.06 in the first half of 2020).

“Lenzing had a very strong first half-year. The demand for our sustainably produced specialty fibers once again developed excellently,” says Stefan Doboczky, CEO of the Lenzing Group.

Source:

Lenzing AG

Azgard 9’s innovative fabric absorbs carbon dioxide while simultaneously producing oxygen. (c) Azgard 9
23.07.2021

Monforts customers at Première Vision Digital Denim Week

Denim manufacturers employing Monforts technologies showcased their latest activities, including sustainable fabric manufacturing, new advances in fibres, dyes and chemicals, as well as process and supply improvements and recycling options, at Première Vision’s Digital Denim Week, held from July 5-9.

The users of Monforts equipment included AGI Denim (Pakistan), Azgard 9 (Pakistan), Berto (Italy), Bossa (Turkey), DNM (Turkey), Kilim (Turkey) and Orta (Turkey).

The new Naveena Denim Mills (Pakistan) Holistic collection, for example, employs a suite of sustainable materials such as organic cotton and post-consumer and post-industrial waste cotton that has been shredded and recycled at its in-house unit in Pakistan.

Supply chain transparency is also becoming increasingly important, and Turkey’s Bossa is now sharing information on its dyes, energy sources and recycled content use with its customers. For organic cotton in particular, Bossa provides QR codes with which brands can identify the names of individual farms and their locations, as well as details such as the origins of specific seeds and the use of irrigation by growers.

Denim manufacturers employing Monforts technologies showcased their latest activities, including sustainable fabric manufacturing, new advances in fibres, dyes and chemicals, as well as process and supply improvements and recycling options, at Première Vision’s Digital Denim Week, held from July 5-9.

The users of Monforts equipment included AGI Denim (Pakistan), Azgard 9 (Pakistan), Berto (Italy), Bossa (Turkey), DNM (Turkey), Kilim (Turkey) and Orta (Turkey).

The new Naveena Denim Mills (Pakistan) Holistic collection, for example, employs a suite of sustainable materials such as organic cotton and post-consumer and post-industrial waste cotton that has been shredded and recycled at its in-house unit in Pakistan.

Supply chain transparency is also becoming increasingly important, and Turkey’s Bossa is now sharing information on its dyes, energy sources and recycled content use with its customers. For organic cotton in particular, Bossa provides QR codes with which brands can identify the names of individual farms and their locations, as well as details such as the origins of specific seeds and the use of irrigation by growers.

Turkey’s Orta’s new Denim Route – inspired by the historical Silk Road for trade between the East and West – is an interactive supplier map detailing the regions from which it sources cotton, dyestuff, chemicals and various fibres to complement its other transparency initiatives.

Meanwhile, a living and breathing piece of clothing that absorbs carbon dioxide while simultaneously producing oxygen was introduced at Digital Denim Week 2021 by Azgard 9 (Pakistan) .

(c) Baldwin Technology Company Inc. / Barry-Wehmiller
20.07.2021

Baldwin to unveil FlexoCleanerBrush™ at SuperCorrExpo

Baldwin Technology Company Inc. will showcase a new generation of innovative technologies for optimized corrugated high-graphics package printing at SuperCorrExpo, taking place in Orlando, Florida, from Aug. 8 to 12.

The FlexoCleanerBrush™ enhances the print quality and improves worker safety in corrugated printing. The system automatically removes dust and contamination from the plate in seconds during production, without stopping the press. It also performs full end-of-job plate cleaning and drying in fewer than four minutes, enabling increased uptime and sustainability. A carbon fiber core keeps even the ultra-wide FlexoCleanerBrush to a minimal weight, and ensures cleaning is stable, uniform and consistent throughout the plate’s width. Because the system is fully automatic and spans the entire width of the plate cylinder, the FlexoCleanerBrush improves safety by eliminating routine operator contact with the machine, while also reducing the risk of cylinder nip injuries and contact with wash agents.

Baldwin Technology Company Inc. will showcase a new generation of innovative technologies for optimized corrugated high-graphics package printing at SuperCorrExpo, taking place in Orlando, Florida, from Aug. 8 to 12.

The FlexoCleanerBrush™ enhances the print quality and improves worker safety in corrugated printing. The system automatically removes dust and contamination from the plate in seconds during production, without stopping the press. It also performs full end-of-job plate cleaning and drying in fewer than four minutes, enabling increased uptime and sustainability. A carbon fiber core keeps even the ultra-wide FlexoCleanerBrush to a minimal weight, and ensures cleaning is stable, uniform and consistent throughout the plate’s width. Because the system is fully automatic and spans the entire width of the plate cylinder, the FlexoCleanerBrush improves safety by eliminating routine operator contact with the machine, while also reducing the risk of cylinder nip injuries and contact with wash agents.

Also on view in Baldwin’s SuperCorrExpo booth, the FlexoDry™ is a fully integrated IR drying system, specifically developed for corrugated flexo printing presses. It reduces energy consumption by up to 30 percent over standard IR dryers through patented Diamond IR™ lamps. The system delivers improved drying results because of a unique optical design that produces higher intensity for enhanced color definition, and reduces or eliminates marking altogether, allowing for high-speed and full-confidence printing.

Additionally, Baldwin will showcase LED-UV technology, designed by its AMS Spectral UV division for wide-format flexo corrugated box printing.

Source:

Baldwin Technology Company Inc. / Barry-Wehmiller

Dibella's initiative to reduce carbon dioxide emissions (c) Heppner
16.07.2021

Dibella's initiative to reduce carbon dioxide emissions

Dibella's long-standing forwarding partner Hamacher was taken over by the sustainably committed logistics specialist Heppner at the end of 2018. The new constellation takes Dibella another step further in terms of climate-neutral transport: the logistics company, which originates from France, focuses on the environmentally friendly transport of goods and is investing heavily in a carbon dioxide-neutral vehicle fleet.

Dibella's long-standing forwarding partner Hamacher was taken over by the sustainably committed logistics specialist Heppner at the end of 2018. The new constellation takes Dibella another step further in terms of climate-neutral transport: the logistics company, which originates from France, focuses on the environmentally friendly transport of goods and is investing heavily in a carbon dioxide-neutral vehicle fleet.

"With our first sustainability report, we introduced the monitoring of our carbon dioxide emissions. It turned out that the transport of our textiles produces the most climate gases. We have therefore consistently switched to sea freight and almost without exception do not ship goods by air. However, we still see a need for optimisation from the port of Rotterdam to the customer or to our warehouse. After the takeover of our long-standing forwarding partner Hamacher by the logistics specialist Heppner, there is now a breath of fresh air in our climate-friendly delivery initiative. The company is committed to environmentally friendly transports and a low-emission vehicle fleet. Together we now want to look for solutions to make the "last miles" of our deliveries climate gas neutral," says Ralf Hellmann, Managing Director of Dibella.

Departure into a clean future
Spedition Heppner, with its origins in Alsace, is a family-owned company with worldwide operations and 3,320 employees handling more than 72 million freight items annually. More than a decade ago, the logistics specialist began recording the carbon dioxide emissions released by its fleet of vehicles and steadily reducing them by switching to environmentally friendly energy sources. With a mix of gas, bio-fuel and electric drive, the discharge of greenhouse gases caused by the company's trucks is to be reduced by twenty percent by the year 2025. By 2050, the entire fleet should be diesel-free. To achieve a carbon dioxide-neutral footprint, Heppner is also testing hybrid forms of transport (rail, inland waterways, truck) as well as alternative delivery options (cargo bike).

Source:

Dibella GmbH

Photo: norda: DSMPMPR010
14.07.2021

norda™: Flagship product with DSM’s bio-based Dyneema® fiber

Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, confirmed the introduction of the first seamless trail running shoe made with bio-based Dyneema® fiber by norda™, a Canadian shoe brand.

Designed for runners by runners, norda™ was founded under the mission to empower athletes to unlock their peak potential through innovation and cutting-edge technology. The brand’s flagship product, norda™001, utilizes bio-based Dyneema® fiber to enhance performance and sustainability in a lightweight construction.

The shoe upper is seamlessly constructed with Dyneema® fabric, which benefits from the intrinsic properties of Dyneema®, the world’s strongest fiber™. Dyneema® fiber is engineered at the molecular level to provide high strength, low weight, waterproof and breathable properties – fusing the technical performance of ultra-light materials with aesthetic design that does not sacrifice strength or durability.

Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, confirmed the introduction of the first seamless trail running shoe made with bio-based Dyneema® fiber by norda™, a Canadian shoe brand.

Designed for runners by runners, norda™ was founded under the mission to empower athletes to unlock their peak potential through innovation and cutting-edge technology. The brand’s flagship product, norda™001, utilizes bio-based Dyneema® fiber to enhance performance and sustainability in a lightweight construction.

The shoe upper is seamlessly constructed with Dyneema® fabric, which benefits from the intrinsic properties of Dyneema®, the world’s strongest fiber™. Dyneema® fiber is engineered at the molecular level to provide high strength, low weight, waterproof and breathable properties – fusing the technical performance of ultra-light materials with aesthetic design that does not sacrifice strength or durability.

In addition to the increased foot stability and wearer comfort of the upper, Dyneema® fibers are also used to increase abrasion resistance and stretch in the shoe laces – providing four times the level of strength when compared to standard lace materials like nylon and polyester.

“When we set out to create the norda™ 001, our mission was to design an ultra-strong and durable high performance trail running shoe, and do it as sustainably as possible,” states Willamina and Nick Martire, Co-Founders, norda™. “To achieve our goal, we had to look outside of the standard materials used by the footwear industry. We realized the properties of bio-based Dyneema® beat everything available today.”

In line with DSM’s commitment to protect people and the environment they live in, bio-based Dyneema® boasts the same exact performance as conventional Dyneema® with a carbon footprint that is 90 percent lower than generic HMPE. Sourced from renewable, bio-based feedstock, DSM’s latest advancement in fiber technology uses the mass balance approach to further reduce the reliance on fossil fuel based resources, while still contributing to a more circular economy.

Source:

EMG for DSM

(c) Teijin Limited
13.07.2021

Teijin: Carbon Fiber Products Operations in Vietnam

TCV, Teijin’s carbon fiber business base in Vietnam, was established in May 2019. Teijin Limited announced that Teijin Carbon Vietnam Co., Ltd. (TCV) in Ha Nam, Vietnam, has started operating commercially to manufacture carbon fiber products including prepreg, a fiber sheet pre-impregnated with matrix resin as an intermediate material for composites. TCV initially will produce carbon fiber materials for sports and outdoor activities, including fishing, golf, bicycle and ice hockey goods, for markets in Southeast and South Asia and Asia-Pacific. Sales will be handled by TCV as well as carbon fiber sales affiliates of Teijin operating in these markets.

Teijin’s sales affiliates in Singapore, Shanghai and Taipei work to identify demand opportunities as well as provide customer services in Asia. Internal collaborations between these companies and TCV shall strengthen Teijin’s presence in the upstream and downstream sectors of Asia’s fast-growing markets.

TCV, Teijin’s carbon fiber business base in Vietnam, was established in May 2019. Teijin Limited announced that Teijin Carbon Vietnam Co., Ltd. (TCV) in Ha Nam, Vietnam, has started operating commercially to manufacture carbon fiber products including prepreg, a fiber sheet pre-impregnated with matrix resin as an intermediate material for composites. TCV initially will produce carbon fiber materials for sports and outdoor activities, including fishing, golf, bicycle and ice hockey goods, for markets in Southeast and South Asia and Asia-Pacific. Sales will be handled by TCV as well as carbon fiber sales affiliates of Teijin operating in these markets.

Teijin’s sales affiliates in Singapore, Shanghai and Taipei work to identify demand opportunities as well as provide customer services in Asia. Internal collaborations between these companies and TCV shall strengthen Teijin’s presence in the upstream and downstream sectors of Asia’s fast-growing markets.

Increasingly strict environmental measures and the upgrading of environmental frameworks, such as sustainable development goals (SDGs) and the Paris Agreement, are expected to stimulate greater use of lightweight and highly rigid carbon fiber. Demands are growing in Asia, especially in the fields of sports and outdoor activities, industry and aerospace. COVID-19, for example, has led to new trends in sports and outdoor activities, such as renewed interest in fishing due its compatibility with social-distancing protocols.

Source:

Teijin Limited

13.07.2021

SGL Carbon SE: Preliminary sales and earnings figures for the first half of the year

  • Forecast raised for 2021

Based on the encouraging business performance in the first half of 2021 and the transformation successes, SGL Carbon expects strong Group results for the first six months of 2021 and raises its guidance for fiscal year 2021.

The company expects to exceed the upper end of the stated range of its Group EBITDA pre1 guidance (earnings before interest, taxes and depreciation adjusted by non-recurring items and one-time effects) for fiscal year 2021 of EUR 100 to 120 million and raises the EBITDA pre guidance for 2021 to EUR 130 –140 million.

SGL Carbon's sales forecast is also increased slightly to approximately EUR 1.0 billion for the current fiscal year, up from EUR 920 – 970 million originally. The company expects free cash flow for the full year to be correspondingly above the forecast of EUR 20 million given at the beginning of the year. A slightly positive consolidated net result is also predicted for 2021.

  • Forecast raised for 2021

Based on the encouraging business performance in the first half of 2021 and the transformation successes, SGL Carbon expects strong Group results for the first six months of 2021 and raises its guidance for fiscal year 2021.

The company expects to exceed the upper end of the stated range of its Group EBITDA pre1 guidance (earnings before interest, taxes and depreciation adjusted by non-recurring items and one-time effects) for fiscal year 2021 of EUR 100 to 120 million and raises the EBITDA pre guidance for 2021 to EUR 130 –140 million.

SGL Carbon's sales forecast is also increased slightly to approximately EUR 1.0 billion for the current fiscal year, up from EUR 920 – 970 million originally. The company expects free cash flow for the full year to be correspondingly above the forecast of EUR 20 million given at the beginning of the year. A slightly positive consolidated net result is also predicted for 2021.

Previously, the company had assumed a consolidated net result of between EUR -20 million and EUR 0. According to preliminary figures, SGL Carbon expects Group sales for H1 2021 of around EUR 496 million (H1 2020: EUR 456.5 million). This corresponds to an increase of around 9% compared to the same period of the previous year. Based on the sales increase and the cost effects achieved from the transformation, EBITDA pre (EBITDA before non-recurring items and one-time effects) increased to around EUR 72 million in the first six months of 2021 (H1 2020: EUR 42.0 million).

The updated forecast for fiscal 2021 has been prepared on the basis of the prevailing market environment and assumes no deterioration in conditions due to the corona pandemic. In particular, it is based on the assumption that purchasing prices and logistics chains remain stable and production lines remain in operation. The communicated medium-term targets up to 2025 remain unaffected by the forecast adjustment. SGL Carbon will release its 2021 half-year figures as planned on August 12, 2021.

More information:
SGL Carbon SGL Carbon SE
Source:

SGL Carbon SE

Hexcel showcases Carbon Fiber Prepreg Capability for UAV Applications (c) Hexcel Corporation
07.07.2021

Hexcel showcases Carbon Fiber Prepreg Capability for UAV Applications

Hexcel, a global leader in advanced composites technologies, announces the successful maiden flight of a lightweight camera drone, developed using Hexcel HexPly® carbon fiber prepregs. The composite drone was developed by a team of students from the University of Applied Sciences Upper Austria in Wels with composite materials supplied by Hexcel Neumarkt in Austria.

A team of six students in the university’s lightweight construction and composite materials course was responsible for the complete design, engineering, and manufacture of the camera drone over a period of 18 months. Hexcel materials and optimization of the composite engineering enabled the team to reduce the composite structural mass by an impressive 42% compared to similar drones.

Hexcel, a global leader in advanced composites technologies, announces the successful maiden flight of a lightweight camera drone, developed using Hexcel HexPly® carbon fiber prepregs. The composite drone was developed by a team of students from the University of Applied Sciences Upper Austria in Wels with composite materials supplied by Hexcel Neumarkt in Austria.

A team of six students in the university’s lightweight construction and composite materials course was responsible for the complete design, engineering, and manufacture of the camera drone over a period of 18 months. Hexcel materials and optimization of the composite engineering enabled the team to reduce the composite structural mass by an impressive 42% compared to similar drones.

Hexcel Neumarkt was one of eight industrial partners supporting the university team throughout the project, providing all carbon fiber prepreg materials used for the drone’s landing gear as well as the fuselage. The ultra-lightweight 32g landing gear was laid up and cured in the press, whereas the fuselage was autoclave cured by the student team using Hexcel HexPly M901 and HexPly M78.1 prepreg resin systems with a combination of woven and unidirectional carbon fiber reinforcements.

With the development of Unmanned Aerial Vehicles (UAV) as a key emerging market and innovation space in the transportation sector, Hexcel’s collaboration with the University of Applied Sciences Upper Austria team not only creates an important link with the next generation of lightweight composite engineers but also highlights the weight saving and structural benefits of Hexcel composite material solutions.

"The massive weight saving achieved with their updated version of the camera drone is a fantastic achievement by the student team," said Michael Rabl, Dean of FH Wels of the Upper Austria University of Applied Sciences. "The joint study not only illustrates the wide range of complex and innovative composite techniques present in the drone sector but also presents the opportunities that exist for further development in the wider Urban Air Mobility (UAM) and aerospace composites markets.”

Hexcel congratulates the project team which includes Lukas Weninger, Karl-Heinz Schneider, Jakob Schlosser, Matthias Thon, Marla Unter, and Simone Hartl on an exceptional piece of lightweight composite design and thanks them for showcasing the contribution of Hexcel materials with a presentation and drone flight. Johanna Arndt, research and technology group leader at Hexcel Neumarkt, said, “It was a great pleasure to work with the team who were very cooperative and self-motivated to succeed. Watching the drone just fly around the Neumarkt plant was just great.”

Hexcel manufactures a complete range of carbon fibers, dry carbon UD tapes, specialty reinforcements, prepregs, and honeycomb core materials, providing customized manufacturing options for new UAM applications that combine aerospace reliability with the high-rate production required. Hexcel composite materials are the ideal solution for the lightest and most efficient cost-competitive transportation vehicles of the future.

Source:

Hexcel Corporation / 100% Marketing

06.07.2021

ISKO invests in Green Technology for Recycling Solution

ISKO and textile research and development company HKRITA are proud to announce a licensing agreement for HKRITA’s award-winning, revolutionary Green Machine – a one-of-a-kind technology that fully separates and recycles cotton and polyester blends at scale.

The technology is still in the pilot stage, but is an additional step in ISKO’s drive to improve and commercialize recycling technologies which will eventually enable the company to offer a 100% post-consumer recycling solution to all of its customers. In addition, ISKO and HKRITA will work together to develop related technology, further strengthening the company’s position in sustainability.

The Green Machine uses an innovative and ultra-efficient hydrothermal treatment method that decomposes cotton into cellulose powders and enables the separation of polyester fibres from blended fabrics. The process is a closed loop and uses only water, heat and less than 5% biodegradable green chemicals. Crucially, this method does not damage the polyester fibres and therefore maintains their quality; the cellulose powders, which are clean and toxic-free, can be used in a variety of ways.

ISKO and textile research and development company HKRITA are proud to announce a licensing agreement for HKRITA’s award-winning, revolutionary Green Machine – a one-of-a-kind technology that fully separates and recycles cotton and polyester blends at scale.

The technology is still in the pilot stage, but is an additional step in ISKO’s drive to improve and commercialize recycling technologies which will eventually enable the company to offer a 100% post-consumer recycling solution to all of its customers. In addition, ISKO and HKRITA will work together to develop related technology, further strengthening the company’s position in sustainability.

The Green Machine uses an innovative and ultra-efficient hydrothermal treatment method that decomposes cotton into cellulose powders and enables the separation of polyester fibres from blended fabrics. The process is a closed loop and uses only water, heat and less than 5% biodegradable green chemicals. Crucially, this method does not damage the polyester fibres and therefore maintains their quality; the cellulose powders, which are clean and toxic-free, can be used in a variety of ways.

The investment in this new technology is the latest in ISKO’s ongoing drive for advancements in sustainability. As part of the company’s R-TWO™ programme, it is also working to develop fabrics with a guaranteed minimum 50%+ GRS (Global Recycle Standard) recycled content blend. This will significantly reduce the carbon and water footprint of a fabric, as well as make it easy for consumers to trace a garment’s sustainable journey step-by-step from the beginning of the supply chain through to the end product they purchase.

Source:

ISKO / Menabò Group

Marabu to be climate neutral from July 2021 (c) Marabu GmbH & Co. KG
01.07.2021

Marabu to be climate neutral from July 2021

Marabu is one of the first ink manufacturers to achieve climate neutrality. All Marabu Business Units will, where possible, make a specific contribution to achieve the 17 United Nations Sustainable Development Goals (SDGs) with PROJECT GREEN and therefore participate in the Green Deal.

Marabu is one of the first ink manufacturers to achieve climate neutrality. All Marabu Business Units will, where possible, make a specific contribution to achieve the 17 United Nations Sustainable Development Goals (SDGs) with PROJECT GREEN and therefore participate in the Green Deal.

"We are safeguarding the future of the next generations and are proud that we have managed to be a climate neutral company from July 2021 with the Tamm and Bietigheim sites. All our products, whether printing inks or creative colours, are climate neutral, too," explains York Boeder, CEO Executive Committee. "Our so-called PROJECT GREEN combines all measures that are taking us on our journey to climate neutrality. Climate protection is a particular concern for us, to which we have made a binding commitment within the scope of an extensive sustainability strategy. In accordance with our Marabu Green Deal, we avoid and reduce emissions wherever possible, e. g. by using green electricity, energy-saving schemes, mobility concepts or environmentally friendly materials. We offset all unavoidable CO2 emissions by supporting internationally certified climate protection projects. We are continually implementing measures to improve our carbon footprint and update them annually to make their success measurable. We have therefore set ourselves the active goal of reducing our CO2 emissions by another 25 % by 2030."

For decades, Marabu has invested in the research and development of safe production processes, environmentally friendly products, and clean technologies with the aim of preserving the natural environment. Marabu has worked with Climate Partner to analyse all the CO2 emissions from the sites in Tamm and Bietigheim and determine its carbon footprint. Including all product-related factors such as raw materials and logistics, Marabu currently generates approx. 18,500 tons of unavoidable CO2 emissions. This value is the positive result of a number of climate-friendly measures pursued by Marabu, such as the early switch to green electricity in 2007.

Marabu's main activities to avoid and reduce CO2 emissions:

  • Energy - Switching to green electricity from hydropower
  • Mobility - Migration of the company's vehicles to electric and hybrid cars as well as in e-charging stations
  • Production - Use of renewable energies and resource-efficient production processes
  • Raw materials - Replacing critical substances with environmentally friendly alternatives for new and existing products
  • Transporting - Climate-neutral freight carriers and lower-emission transport methods like shipping or road transport replace air freight wherever possible
  • Product technology - Modern, low-emission products
Source:

Marabu GmbH & Co. KG

Borealis: Innovative Recycling Solutions with Renasci N.V. (c) Renasci
01.07.2021

Borealis: Innovative Recycling Solutions with Renasci N.V.

  • Borealis deepens partnership with innovative recycling solutions provider Renasci N.V., acquiring a 10% minority stake in the Belgium-based creator of the Smart Chain Processing (SCP) concept
  • Deal supports Borealis integrated approach to achieve a true circular economy of plastics in the most eco-efficient way, as defined by its circular cascade model
  • EverMinds™ in action: Game-changing collaboration to accelerate plastics circularity

Borealis announces that it has entered into a multi-dimensional partnership with Renasci N.V., a provider of innovative recycling solutions and creator of the novel Smart Chain Processing (SCP) concept. The partnership is another key enabler for Borealis to realise its ambitions to bring circular base chemicals and polyolefins to market, and to deliver on its promise to bring 350 kilotons of recycled polyolefins into circulation by 2025.

  • Borealis deepens partnership with innovative recycling solutions provider Renasci N.V., acquiring a 10% minority stake in the Belgium-based creator of the Smart Chain Processing (SCP) concept
  • Deal supports Borealis integrated approach to achieve a true circular economy of plastics in the most eco-efficient way, as defined by its circular cascade model
  • EverMinds™ in action: Game-changing collaboration to accelerate plastics circularity

Borealis announces that it has entered into a multi-dimensional partnership with Renasci N.V., a provider of innovative recycling solutions and creator of the novel Smart Chain Processing (SCP) concept. The partnership is another key enabler for Borealis to realise its ambitions to bring circular base chemicals and polyolefins to market, and to deliver on its promise to bring 350 kilotons of recycled polyolefins into circulation by 2025.

SCP concept leaves no waste behind
The SCP concept developed by Renasci is a proprietary method of maximising material recovery in order to achieve zero waste. It is unique because it enables the processing of multiple waste streams using different recycling technologies – all under one roof. At the newly-built Renasci SCP facility in Oostende, Belgium, mixed waste – plastics, metals, and biomass – is automatically selected and sorted multiple times.

After sorting, plastic waste is first mechanically recycled, and then in a second step any remaining material is chemically recycled into circular pyrolysis oil and lighter product fractions, which are used to fuel the process.

Other types of sorted waste such as metals and organic refuse are further processed using other technologies. In the end, only 5% of the original waste remains, and even this residual material is not landfilled, but used as filler in construction materials. Because of this extremely efficient way of processing, the overall CO2 footprint of these waste streams is greatly reduced – yet another advantage of the circular SCP concept.

The cascade model is Borealis’ integrated circular approach
Borealis circular cascade model sits at the heart of its ambition to achieve a truly circular economy, by combining carefully chosen technologies in a complementary and cascading way to achieve full circularity. In this way, Borealis aims to give plastic products multiple lifetimes in the most sustainable way possible. Starting with optimising product design, first for eco-efficiency, then for re-use and finally for recycling. Once a product has reached its end of life, we must close the plastics loop: first with mechanical recycling to make products with the highest possible value, quality and lowest carbon footprint; then utilising chemical recycling, as a complement to mechanical recycling, to further valorise residual streams which would otherwise go to incineration, or even worse to landfills. The valorised material from mechanical and chemical recycling is then processed with Borealis Borcycle™ recycling technology consisting of Borcycle M for mechanical recycling and Borcycle C for chemical recycling, providing high quality solutions for more sophisticated applications, such as food packaging and healthcare.

The SCP concept is aligned to Borealis’ ambition to close the loop on plastic waste as encapsulated in its circular cascade model.

Source:

Borealis

02.06.2021

Teijin: Tenax™ Carbon Fiber Prepreg Adopted for Next-Generation Aircraft Engine Nacelle

Teijin Limited announced today that its Tenax™ carbon fiber prepreg has been adopted for a part of nacelle, or streamlined housing, for next-generation aircraft engine to be used by Airbus. A prototype of the nacelle part, which Nikkiso Co., Ltd. is developing for Airbus’s Propulsion of Tomorrow project, will be delivered to Airbus by the end of 2021.

The Tenax™ prepreg used for the nacelle part was developed especially for aircraft applications using high-performance and rapid-curing epoxy resin. Notably, the Tenax™ prepreg can be molded at a lower temperature and in a shorter time than conventional prepregs for aircraft applications. In addition to general autoclave molding, the Tenax™ prepreg also is suited to press molding for mass production, achieving excellent quality required for aircraft applications. Furthermore, it is compatible with automated fiber placement (AFP) therefore can be combined with automatic laminating technology and short-time molding to maximize production efficiency. The excellent productivity and cost efficiency of the Tenax™ prepreg were key reasons why it was adopted for Nikkiso’s nacelle.

Teijin Limited announced today that its Tenax™ carbon fiber prepreg has been adopted for a part of nacelle, or streamlined housing, for next-generation aircraft engine to be used by Airbus. A prototype of the nacelle part, which Nikkiso Co., Ltd. is developing for Airbus’s Propulsion of Tomorrow project, will be delivered to Airbus by the end of 2021.

The Tenax™ prepreg used for the nacelle part was developed especially for aircraft applications using high-performance and rapid-curing epoxy resin. Notably, the Tenax™ prepreg can be molded at a lower temperature and in a shorter time than conventional prepregs for aircraft applications. In addition to general autoclave molding, the Tenax™ prepreg also is suited to press molding for mass production, achieving excellent quality required for aircraft applications. Furthermore, it is compatible with automated fiber placement (AFP) therefore can be combined with automatic laminating technology and short-time molding to maximize production efficiency. The excellent productivity and cost efficiency of the Tenax™ prepreg were key reasons why it was adopted for Nikkiso’s nacelle.

Teijin is intensively accelerating its development of mid- to downstream applications for aircraft, one of the strategic focuses of its medium-term management plan for 2020-2022. Going forward, Teijin intends to further strengthen its carbon fiber and intermediate material businesses to contribute to increasing global sustainability, aiming to become a company that supports the society of the future.

Source:

Teijin

28.05.2021

European TCLF sectors: Social Partners demand safety for the industries and their workers

Following the European Commission’s update of the 2020 New Industrial Strategy: ‘’Building a stronger Single Market for Europe’s Recovery’’, the European Social Partners for the Textile, Clothing, Leather, and Footwear (TCLF) sectors came together to call for support via a dedicated strategy.  The Strategy aims to help guide the TCLF industries through the current green and digital transition, while facing tough global competition, stressing the need to safeguard the industries and protect jobs in Europe.

On 25 May, employers’ and workers’ representatives for the European TCLF sectors met with the European Commission to discuss the current challenges facing the TCLF industries and potential EU action to help support the sectors and their workers.  Following discussions on the terrible impact of COVID-19 on the sectors and the need for a strong EU action, the Joint Statement: ‘’The future industrial strategy of the EU Textiles Ecosystem (TCLF sectors)’’ was adopted.

Following the European Commission’s update of the 2020 New Industrial Strategy: ‘’Building a stronger Single Market for Europe’s Recovery’’, the European Social Partners for the Textile, Clothing, Leather, and Footwear (TCLF) sectors came together to call for support via a dedicated strategy.  The Strategy aims to help guide the TCLF industries through the current green and digital transition, while facing tough global competition, stressing the need to safeguard the industries and protect jobs in Europe.

On 25 May, employers’ and workers’ representatives for the European TCLF sectors met with the European Commission to discuss the current challenges facing the TCLF industries and potential EU action to help support the sectors and their workers.  Following discussions on the terrible impact of COVID-19 on the sectors and the need for a strong EU action, the Joint Statement: ‘’The future industrial strategy of the EU Textiles Ecosystem (TCLF sectors)’’ was adopted.

The Joint Statement highlights the need for a dedicated strategy with support at national and EU level to help the TCLF sectors survive following the COVID-19 pandemic, while they continue to face tough, and, sometimes unfair, global competition. The Social Partners of the TCLF industries fully support the EU’s ambitions for a green and digital transition of the sectors, but insist on concrete European measures to help the industries transform while the continues to suffer from an unlevel global playing field.

Specific joint demands include: full engagement with Social Partners in both the recovery and the transition of the industries, support for the EU Pact for Skills for the relevant ecosystem, a revision of the GSP which doesn’t negatively impact the sectors and its workers, support to decarbonise the sectors, careful consideration of the Due Diligence Legislation and quality dialogue with Social Partners ahead of the EU Sustainable Products Initiative and the Consumer Agenda to ensure that all policy gaps are addressed. Special attention must also be given to the forthcoming EU Textiles Strategy which should fully represent the needs of the EU’s entire textiles ecosystem.

Lenzing is on the path to climate-neutral production (c) Lenzing AG
27.05.2021

Lenzing is on the path to climate-neutral production

  • New air purification and sulfur recovery plant up and running at the Lenzing facility
  • Another step closer to meeting sustainability and climate targets
  • Self-sufficiency in raw materials further enhanced

Lenzing Group is continuing to make great strides toward achieving carbon neutrality across the Group. The successful completion and commissioning of an air purification and sulfur recovery plant at the Lenzing facility marks another milestone in the Group’s ambitious strategy. Lenzing has invested some EUR 40 mn in this project since construction began in 2019.

Using state-of-the-art technology, the plant will enable carbon emissions to be reduced by 15,000 metric tons at the Lenzing facility. This will also make the group more self-sufficient in securing vital raw materials for processing, which will bolster the site’s competitive standing in terms of sustainability.

  • New air purification and sulfur recovery plant up and running at the Lenzing facility
  • Another step closer to meeting sustainability and climate targets
  • Self-sufficiency in raw materials further enhanced

Lenzing Group is continuing to make great strides toward achieving carbon neutrality across the Group. The successful completion and commissioning of an air purification and sulfur recovery plant at the Lenzing facility marks another milestone in the Group’s ambitious strategy. Lenzing has invested some EUR 40 mn in this project since construction began in 2019.

Using state-of-the-art technology, the plant will enable carbon emissions to be reduced by 15,000 metric tons at the Lenzing facility. This will also make the group more self-sufficient in securing vital raw materials for processing, which will bolster the site’s competitive standing in terms of sustainability.

“As a result of this investment, Lenzing has made further progress towards implementing its climate targets, while achieving much greater autonomy with regard to one of its core raw materials”, says Christian Skilich, Member of the Managing Board at Lenzing Group.

In 2019, Lenzing set the strategic target of halving its group-wide greenhouse gas emissions per ton of product by 2030. Its goal for 2050 is to achieve climate neutrality.

Source:

Lenzing AG

12.05.2021

SGL Carbon: Solid Development in the first quarter of 2021

  • Group sales in the first quarter 2021 of €241.5 million, down 2% below prior year (currency adjusted on prior year level)
  • Expected positive impact from a contract termination with a customer of reporting segment Graphite Solutions contributes around €9 million to sales and earnings
  • Transformation program proceeds according to plan in all areas
  • EBITDA pre of €33.0 million significantly higher year-on-year (Q1/2020 €29.0 million), EBIT increases to €17.0 million (Q1/2020 €6.4 million)
  • Positive net result at €6.1 million (Q1/2020 minus €4.3 million)
  • Liquidity at €168.6 million also developed positively (year-end 2020 €141.8 million)
  • Net financial debt decreases by 5% to €271.5 million (year-end 2020 €286.5 million)
  • Equity ratio increases to 20.4% (Year-end 2020 17.5%)
  • Outlook for fiscal year 2021 fully confirmed

See attached document for more information.

  • Group sales in the first quarter 2021 of €241.5 million, down 2% below prior year (currency adjusted on prior year level)
  • Expected positive impact from a contract termination with a customer of reporting segment Graphite Solutions contributes around €9 million to sales and earnings
  • Transformation program proceeds according to plan in all areas
  • EBITDA pre of €33.0 million significantly higher year-on-year (Q1/2020 €29.0 million), EBIT increases to €17.0 million (Q1/2020 €6.4 million)
  • Positive net result at €6.1 million (Q1/2020 minus €4.3 million)
  • Liquidity at €168.6 million also developed positively (year-end 2020 €141.8 million)
  • Net financial debt decreases by 5% to €271.5 million (year-end 2020 €286.5 million)
  • Equity ratio increases to 20.4% (Year-end 2020 17.5%)
  • Outlook for fiscal year 2021 fully confirmed

See attached document for more information.

More information:
SGL Carbon sales Automotive
Source:

SGL CARBON SE

Checkpoint Systems erhält als erster RFID-Etikettenhersteller die ARC-Zertifizierung mit dem UCODE 9 IC von NXP (c) Checkpoint Systems
Checkpoint Systems_Hoodie Vortex U9
05.05.2021

Checkpoint Systems achieves the ARC Certification

  • Checkpoint becomes the first RFID label manufacturer to achieve ARC certification with NXP’s UCODE 9 IC

Checkpoint  Systems,  a  vertically  integrated  supplier  of RFID  solutions  for  retail,  has again  demonstrated  its  commitment  to  innovation  by becoming the first manufacturer to have an RFID inlay featuring the new NXP UCODE 9 IC certified by Auburn University’s ARC Laboratory.

The  announcement  follows  news  that  Checkpoint  recently  became  the  first  company  to achieve ARC-certification for its Impinj M700-based inlays. By setting another new standard for the  industry,  Checkpoint  are  enabling  retailers  around the  world to  further  improve  their inventory visibility, reduce costs, improve performance and increase their overall profitability.

Delivering enhanced performance
Delivering the same ARC certifications as the Vortex U8 (Spec G, K and Q), the new Vortex U9 goes one step further by meeting the requirements of Spec N.

  • Checkpoint becomes the first RFID label manufacturer to achieve ARC certification with NXP’s UCODE 9 IC

Checkpoint  Systems,  a  vertically  integrated  supplier  of RFID  solutions  for  retail,  has again  demonstrated  its  commitment  to  innovation  by becoming the first manufacturer to have an RFID inlay featuring the new NXP UCODE 9 IC certified by Auburn University’s ARC Laboratory.

The  announcement  follows  news  that  Checkpoint  recently  became  the  first  company  to achieve ARC-certification for its Impinj M700-based inlays. By setting another new standard for the  industry,  Checkpoint  are  enabling  retailers  around the  world to  further  improve  their inventory visibility, reduce costs, improve performance and increase their overall profitability.

Delivering enhanced performance
Delivering the same ARC certifications as the Vortex U8 (Spec G, K and Q), the new Vortex U9 goes one step further by meeting the requirements of Spec N.

All aspects of the retail supply chain benefit from the increased read and write sensitivity of the  Vortex  U9.    The  11%  increase  in  read  distance,  decreases the time  for  inventory  cycle counts in both sparse or densely populated environments.  It also increases the compatibility of  smaller  RFID  labels with  RFID  Point  of  Exit  (PoE)  or  loss  prevention systems.  The  write sensitivity is significantly improved which is beneficial when encoding labels in densely packed cartons during source tagging and bulk encoding operations.

Finally,  the  new  Vortex  U9  will  provide  retailers  with  added  value  when  it  comes  to sustainability. NXP’s UCODE 9 RFID IC is 18% smaller than its predecessor, reducing the carbon footprint on an individual IC basis.

Scott Mitchell-Harris, Group Vice President Checkpoint Systems, commented:  “The investment Checkpoint has made over the past few years in our manufacturing facilities is evident. We have one of the most talented development teams who are continually seeking out the latest technology with new ideas to deliver market leading label designs.”

Checkpoint’s Vortex range delivers high read rate performance in semi-automated  physical inventory control and RFID as EAS. Vortex is ISO18000-6C compliant and can be encoded and printed tocarry EPC data in several formats -RFID EPC global protocol, printed bar code and human readable text.

Source:

Carta GmbH

Kornit Digital Announces MAX Technology (c) Kornit Digital
26.04.2021

Kornit Digital Announces MAX Technology

Kornit Digital announced the release of its new MAX technology, establishing a new standard for on-demand fashion and apparel production.

A key feature of Kornit’s MAX technology is XDi, which delivers revolutionary 3D capabilities for new, high-density graphic decoration that can simulate embroidery, vinyl, and heat transfer in a single, waste-free digital process. The new XDi, which is based on Kornit’s patents, allows fulfillers and brands to expand their offerings to include new-to-market, innovative decorations without the inefficiencies and cost of operating analog technologies.

Kornit Digital announced the release of its new MAX technology, establishing a new standard for on-demand fashion and apparel production.

A key feature of Kornit’s MAX technology is XDi, which delivers revolutionary 3D capabilities for new, high-density graphic decoration that can simulate embroidery, vinyl, and heat transfer in a single, waste-free digital process. The new XDi, which is based on Kornit’s patents, allows fulfillers and brands to expand their offerings to include new-to-market, innovative decorations without the inefficiencies and cost of operating analog technologies.

Introducing Kornit Atlas MAX and ActiveLoad Automation
Kornit also debuted the ActiveLoad Automation technology, a new robotic system to significantly ease the burden of manual and labor-intensive media handling in the textile decoration industry. This increases total output per shift while ensuring minimal downtime and exceptional reliability. The new patent pending ActiveLoad Automation technology ensures continuous production and consistency, while decreasing human error and fatigue, regardless of employee experience and training, for ultimate results and best operational efficiency.

The first product with MAX technology is now commercially available in the Kornit Atlas MAX, a carbon-neutral, industrial-scale DTG production system, providing unsurpassed retail quality, exceptional color-matching capabilities, and a wide, vivid color gamut, with exceptional durability. The Atlas MAX is delivered with the new XDi technology built in, for 3D printing capabilities.

22.04.2021

Lenzing Group: Sustainability Report 2020

  • Successful measures to fight against the COVID-19 pandemic with a focus on the safety and health of employees, customers and partners and securing sustainable business development
  • Implementation of strategic investment projects and climate targets progressing on schedule – launch of first TENCEL™ branded carbon-zero fibers
  • New level of transparency in the textile industry: introduction of blockchain technology
  • Target setting: Lenzing raises the bar even higher and sets new sustainability goals

The Lenzing Group presented its Sustainability Report 2020 on April 22, 2021, World Earth Day. Featuring the title “Stand up for future generations”, Lenzing once again emphasized its commitment to taking responsibility beyond the products it makes.

  • Successful measures to fight against the COVID-19 pandemic with a focus on the safety and health of employees, customers and partners and securing sustainable business development
  • Implementation of strategic investment projects and climate targets progressing on schedule – launch of first TENCEL™ branded carbon-zero fibers
  • New level of transparency in the textile industry: introduction of blockchain technology
  • Target setting: Lenzing raises the bar even higher and sets new sustainability goals

The Lenzing Group presented its Sustainability Report 2020 on April 22, 2021, World Earth Day. Featuring the title “Stand up for future generations”, Lenzing once again emphasized its commitment to taking responsibility beyond the products it makes. The non-financial report, prepared in accordance with the reporting standards of the Global Reporting Initiative (GRI) and the Austrian Sustainability and Diversity Improvement Act (NaDiVeG) and reviewed by KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft, illustrates how the company is responding to the global challenges of our time.

The 2020 financial year of the Lenzing Group was largely dominated by the COVID-19 pandemic. Lenzing took short-term measures to safeguard its business operations and mitigate the effects of fiber prices and fiber demand which came under increasing pressure. The priority was to protect employees and strengthen long-term partnerships with suppliers and customers. Following the current fight against the coronavirus and its consequences, the company continues to move ahead determinedly to achieve its sustainability targets, also against the backdrop of such a difficult market environment.

With the implementation of its science-based targets, the Lenzing Group actively contributes to mastering the problems caused by climate change. In 2019, Lenzing made a strategic commitment to reducing its greenhouse gas emissions by 50 percent per ton of product by 2030. The overriding target is to be climate-neutral by 2050.*

The launch of the first carbon-zero TENCEL™ fibers certified as CarbonNeutral® products in accordance with The CarbonNeutral Protocol – the leading global framework for carbon neutrality – represents another important milestone from the reporting year. As of June 2021, Lenzing will also market the first VEOCEL™ branded lyocell fibers as certified CarbonNeutral® products.

Promoting the circular economy
Lenzing also sets standards for the entire fiber, textile and clothing industry with respect to the circular economy which is of such crucial importance in climate and resource protection. In order to enhance resource efficiency and offer a solution for the global problem of textile waste, the company developed the REFIBRA™ recycling technology. REFIBRA™ is the only technology in the world enabling the production of new lyocell fibers on a commercial scale from cotton scraps derived from manufacturing cotton clothing as well as from used garments. In this way, an important contribution is made to promoting circularity in the textile industry.*

New level of transparency in the textile industry
In addition to environmental protection, the issue of transparency along the supply chain poses a major challenge to the textile industry. Working in cooperation with TextileGenesis™, Lenzing offers an innovative solution to ensure greater transparency on the basis of blockchain technology. Following several successful pilot projects with renowned fashion brands, this digital platform was ultimately launched in 2020 to enable the traceability of textiles, from the fiber to all stages of production and distribution. Thanks to the innovative Fibercoin™ technology of the TextileGenesis™ platform, Lenzing and its partners are able to issue so-called “blockchain assets” in direct proportion to the physical fiber deliveries of the brands TENCEL™ and LENZING™ ECOVERO™. These digital assets function like a “fingerprint” and thus prevent adulteration.*

Target setting: Lenzing raises the bar even higher
The Lenzing Group operates in line with three strategic principles within the context of its “Naturally positive” sustainability strategy: partnering for change, advancing circularity and greening the value chain.*

 

*See attached document for more information..